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INEOS Oxide confirms its plans to build and operate a new one million tonne, deep-sea Ethylene Terminal, to be constructed at its Zwijndrecht Facility

INEOS Oxide has today confirmed its plans to build and operate a new one million tonne per annum Ethylene Terminal, to be constructed at its Zwijndrecht facilities in Belgium. Operation of the new deep-sea terminal, which is expected to start in 2012, will significantly change the shape of the ethylene market in Europe.

Once completed, the new INEOS Terminal will be connected directly to INEOS’ ethylene consuming facilities in the Antwerp Rotterdam Area and into Europe via the ARG ethylene pipeline (formerly Aethylen-Rohrleitungs-Gesellschaft pipeline) linking Antwerp to Cologne and the Ruhr industrial areas.

“The INEOS Group is the largest consumer of ethylene in Europe and I am pleased to confirm this significant investment at our Antwerp facility,” said Hans Casier CEO INEOS Oxide. “The new terminal secures the competitiveness of our site and underlines the importance of our production facilities in Antwerp, located at the heart of the largest Petrochemical area of Europe.

“Additionally by connecting INEOS Olefins & Polymers Europe and the INEOS Oligomers LAO/PAO facility in Belgium to the new terminal, INEOS will be able to efficiently balance its ethylene requirements over its facilities in Europe.

“It is also clear the new INEOS Ethylene Terminal will re-shape the ethylene market in Europe, opening up a new gateway to world markets”, he concluded.

INEOS Oxide, part of the INEOS Group of Companies, is a leading producer of Ethylene Oxide and Ethylene Oxide Derivatives, Propylene Oxide and Propylene Oxide Derivatives, plus a range of solvents and speciality chemicals, with production facilities in Antwerp Belgium, Köln Germany, Lavéra France, Plaquemine Louisiana, Freeport Texas and Hull United Kingdom.

For further information contact:

Richard Longden – INEOS – Tel: +44 (0) 7710 371998

Note to editors:

ARG (formerly Aethylen-Rohrleitungs-Gesellschaft) operates a pipeline grid linking Antwerp to Cologne and the Ruhr industrial area. This network forms the backbone of ethylene production in Western Europe. ARG also connects the market in Rotterdam.

INEOS Oxide is at the forefront of ethylene and propylene based chemicals production. Our successful businesses are focused on ethylene- and propylene oxide as well as their derivatives. Supplemented by norbornenes, oxo-alcohols and acetate esters this extensive product portfolio plays an essential role in the day to day life of millions of people.